Unrelenting Gloom

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robbie274 replied

6 February 2009, 13:12
Originally posted by BrilloPad View Post

Dont worry : the strong financial services sector will see us through.

Yeah once those bankers get their bonuses they will be chomping at the bit to get started on the recovery
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BrilloPad replied

6 February 2009, 13:10
Dont worry : the strong financial services sector will see us through.
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Doggy Styles replied

6 February 2009, 13:10
Never mind 'brilliant chancellor', for those 10 years Gordon was rogering us behind our backs.
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DimPrawn started a topic Unrelenting Gloom

6 February 2009, 12:34
Unrelenting Gloom

http://news.bbc.co.uk/1/hi/business/7874297.stm

Manufacturing output declined at its fastest rate since 1981 in December, underscoring the fragile state of the UK economy, official figures show.

The Office for National Statistics (ONS) said it fell 10.2% from a year earlier as recession hit the sector.

For the final three months of 2008 output fell 5.1%, the biggest quarterly fall since 1974.

The ONS said the weak manufacturing data meant the UK's recession was worse than first thought.

http://news.bbc.co.uk/1/hi/business/7874026.stm

There has been a huge rise in the number of firms going bust in England and Wales because of the recession.

The Insolvency Service said that in the last three months of 2008 there were 2,428 corporate insolvencies such as administrations and receiverships.

That was a 220% rise on the same period the year before.

In the same period, 29,444 people were made bankrupt or entered an individual voluntary arrangement (IVA), 19% more than a year ago.

Of those, 19,100 were bankruptcies while 10,344 were IVAs.
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